Covenant AI, led by founder Sam Dare, has announced its withdrawal from the Bittensor network, citing governance issues that contradict the network's decentralization promises. The statement highlights actions by Jacob Steeves, including suspending subnet emissions, removing community management rights, and exerting pressure through token sales without transparent consensus. The company criticized Bittensor's governance, managed by a three-person multi-signature structure, for concentrating control with Jacob Steeves, allowing unilateral changes. Covenant AI stated it cannot continue operations on the network and will focus on advancing decentralized, permissionless AI training.